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Financial Development and Growth in India
Hiroko Oura
其他書名
A Growing Tiger in a Cage?
出版International Monetary Fund, 2008
主題Business & Economics / GeneralBusiness & Economics / Corporate Finance / GeneralBusiness & Economics / Exports & ImportsBusiness & Economics / Finance / GeneralBusiness & Economics / Investments & Securities / Stocks
ISBN14518694019781451869408
URLhttp://books.google.com.hk/books?id=HGS3AAAAIAAJ&hl=&source=gbs_api
註釋This paper examines the efficiency of the different segments of India's financial system using firm-level data on corporate financing patterns. Firms are increasingly relying on external funds to finance their investment in most recent years. Empirical analyses indicate that (1) the financial system in India is not channeling funds into industries with higher external finance dependence; (2) the debt financing system does not allocate funds according to firms' external finance dependence, while equity financing system does; and (3) firms in an industry that are more dependent on external finance grow more slowly.